Coastline Complete Wealth LLC acquired a new stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,372 shares of the information services provider's stock, valued at approximately $1,994,000. Alphabet accounts for about 1.3% of Coastline Complete Wealth LLC's investment portfolio, making the stock its 20th biggest position.
Several other hedge funds and other institutional investors have also recently bought and sold shares of GOOGL. Norges Bank purchased a new position in Alphabet during the fourth quarter worth about $30,534,239,000. Berkshire Hathaway Inc purchased a new stake in shares of Alphabet in the 3rd quarter valued at approximately $4,338,397,000. Cardano Risk Management B.V. grew its stake in shares of Alphabet by 855.3% in the 4th quarter. Cardano Risk Management B.V. now owns 14,525,280 shares of the information services provider's stock valued at $4,546,413,000 after buying an additional 13,004,828 shares during the period. Vanguard Group Inc. increased its holdings in shares of Alphabet by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider's stock worth $165,567,398,000 after buying an additional 12,531,695 shares during the last quarter. Finally, Capital World Investors increased its holdings in shares of Alphabet by 28.0% during the 3rd quarter. Capital World Investors now owns 53,107,572 shares of the information services provider's stock worth $12,910,542,000 after buying an additional 11,605,785 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.
Alphabet Stock Performance
Shares of Alphabet stock opened at $368.48 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The stock has a market capitalization of $4.46 trillion, a price-to-earnings ratio of 28.11, a price-to-earnings-growth ratio of 1.57 and a beta of 1.23. The business has a 50-day moving average of $367.04 and a 200 day moving average of $331.95. Alphabet Inc. has a 12 month low of $162.00 and a 12 month high of $408.61.
Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.64 by $2.47. The company had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. As a group, sell-side analysts forecast that Alphabet Inc. will post 14.3 earnings per share for the current year.
Alphabet Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. This is a boost from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date was Monday, June 8th. Alphabet's dividend payout ratio (DPR) is 6.71%.
Insider Transactions at Alphabet
In other Alphabet news, Director Frances Arnold sold 102 shares of the company's stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $381.00, for a total transaction of $38,862.00. Following the sale, the director owned 18,721 shares in the company, valued at $7,132,701. This represents a 0.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Amie Thuener O'toole sold 617 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total value of $178,701.71. Following the completion of the sale, the chief accounting officer directly owned 10,093 shares in the company, valued at $2,923,235.59. This represents a 5.76% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 160,516 shares of company stock valued at $7,344,604 in the last 90 days. Insiders own 11.61% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms recently commented on GOOGL. Rothschild & Co Redburn upped their price objective on Alphabet from $390.00 to $430.00 and gave the company a "buy" rating in a report on Thursday, April 30th. Citigroup reissued an "outperform" rating on shares of Alphabet in a research note on Monday, May 4th. JPMorgan Chase & Co. restated a "buy" rating on shares of Alphabet in a research report on Monday, May 4th. Wall Street Zen raised Alphabet from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. Finally, Mizuho increased their price target on Alphabet from $420.00 to $460.00 and gave the stock an "outperform" rating in a report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Alphabet presently has an average rating of "Moderate Buy" and an average target price of $413.13.
Check Out Our Latest Research Report on Alphabet
More Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Alphabet is being viewed as a major AI winner thanks to ongoing investment in AI infrastructure and data centers, which could support future cloud and AI revenue growth. Article Title
- Positive Sentiment: Reports that Berkshire Hathaway nearly tripled its Alphabet position may be seen as a strong vote of confidence from a major long-term investor. Article Title
- Positive Sentiment: Coverage emphasizing Alphabet’s strong earnings and expanding Google Cloud backlog supports the case for continued fundamental improvement. Article Title
- Neutral Sentiment: Alphabet’s stock is drawing increased investor attention and analyst commentary, but these are mostly sentiment-driven mentions rather than new company-specific catalysts. Article Title
- Negative Sentiment: Noam Shazeer, a top Google DeepMind/Gemini AI leader, is leaving for OpenAI, underscoring the competitive AI talent war. Article Title
- Negative Sentiment: John Jumper is also departing Google DeepMind for Anthropic, adding to concerns that Alphabet may be losing key AI researchers. Article Title
- Negative Sentiment: Waymo’s recall of nearly 3,900 robotaxis after construction-zone driving errors raises safety and regulatory concerns for Alphabet’s autonomous vehicle business. Article Title
- Negative Sentiment: The UK ordering Google to improve search-ranking transparency highlights continued regulatory scrutiny over its core search business. Article Title
Alphabet Company Profile
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Free Report)
Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google's core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.
Beyond Google's consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.
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